Ameritas Investment Partners Inc. Has $3.91 Million Stock Position in Churchill Downs Incorporated (NASDAQ:CHDN)

Ameritas Investment Partners Inc. lowered its position in shares of Churchill Downs Incorporated (NASDAQ:CHDN) by 2.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,027 shares of the company’s stock after selling 761 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Churchill Downs were worth $3,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of Churchill Downs by 13.8% during the second quarter. First Horizon Advisors Inc. now owns 818 shares of the company’s stock worth $114,000 after buying an additional 99 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Churchill Downs by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 7,065 shares of the company’s stock worth $986,000 after buying an additional 105 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Churchill Downs by 59.8% during the first quarter. UMB Bank n.a. now owns 286 shares of the company’s stock worth $35,000 after buying an additional 107 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Churchill Downs by 0.6% during the second quarter. Arizona State Retirement System now owns 18,564 shares of the company’s stock worth $2,592,000 after buying an additional 114 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in Churchill Downs by 4.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 2,547 shares of the company’s stock valued at $356,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Macquarie boosted their price target on Churchill Downs from $154.00 to $162.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Bank of America raised Churchill Downs from a “neutral” rating to a “buy” rating and boosted their price target for the company from $145.00 to $155.00 in a research note on Monday, August 12th. Jefferies Financial Group boosted their price target on Churchill Downs from $153.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus boosted their price target on Churchill Downs from $153.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.90.

Churchill Downs Stock Down 2.1 %

Shares of NASDAQ CHDN opened at $137.68 on Friday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.04 and a beta of 0.97. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 4.65. The stock has a 50-day moving average price of $138.60 and a two-hundred day moving average price of $132.58. Churchill Downs Incorporated has a 12 month low of $106.45 and a 12 month high of $146.64.

Churchill Downs (NASDAQ:CHDN) last released its quarterly earnings results on Wednesday, July 24th. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.18. The company had revenue of $890.70 million for the quarter, compared to analysts’ expectations of $858.59 million. Churchill Downs had a return on equity of 47.53% and a net margin of 15.61%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.24 earnings per share. As a group, analysts forecast that Churchill Downs Incorporated will post 6.17 earnings per share for the current fiscal year.

Churchill Downs Company Profile

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; and casino gaming.